L3Harris Technologies (LHX) PT Raised to $252 at Vertical Research Partners
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August 4, 2021 6:30 AM EDT
Cowen analyst Gautam Khanna raised the price target on L3Harris Technologies (NYSE: LHX) to $250.00 (from $240.00) while maintaining an Outperform rating.
The analyst commented, "Q2's strong margin print provides conviction that LHX will hit or perhaps exceed the high end... More
August 3, 2021 8:02 AM EDT
Arlington Capital Partners (Arlington), a Washington, DC-area private equity firm, today announced that an affiliate has entered into definitive agreements to acquire L3Harris Technologies (NYSE: LHX) Electron Devices and Narda Microwave-West divisions (the Company). The agreement is subject to customary closing conditions and regulatory approvals.
After closing, the Company will operate independently as Stellant Systems (Stellant) and will be a standalone platform for Arlington in the mission-critical defense electronics market. The transaction is occurring in partnership with current L3Harris Electron Devices leadership, who upon close are expected to continue to operate and lead the... More
August 3, 2021 6:41 AM EDT
L3Harris Technologies (NYSE: LHX) reported Q2 EPS of $3.26, $0.08 better than the analyst estimate of $3.18. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.63 billion.
GUIDANCE:
L3Harris Technologies sees FY2021 EPS of $12.80-$13.00, versus the... More
